Press release from CNW Group
Paul Stephens Nominated as Director of Sprott Inc.
Wednesday, April 25, 2012
Paul Stephens Nominated as Director of Sprott Inc.17:02 EDT Wednesday, April 25, 2012TORONTO, April 25, 2012 /CNW/ - Sprott Inc. (TSX: SII) ("Sprott" or the "Company") is pleased to announce that Paul H. Stephens has been nominated to serve as a Director of the Company.Mr. Stephens is the Chairman and Partner of Stephens Investment Management LLC, a San Francisco based hedge fund and venture capital firm. He has been a leading figure in west coast asset management and investment banking for over forty years. Mr. Stephens was the co-founder and Chief Investment Officer of RS Investments, a mutual fund firm from 1998 to 2005. Prior to RS Investments, he was the co-founder and Chief Investment Officer of Robertson Stephens & Company and Robertson Stephens Investment Management from 1978 to 1998. Robertson Stephens, a boutique investment bank, financed hundreds of Silicon Valley growth companies and was acquired by Bank of America in 1997. Mr. Stephens is a past Chairman of the Haas Business School Advisory Board at the University of California at Berkeley. As an Adjunct Professor of Finance at Haas in the 1990's, Mr. Stephens taught a thirty hour class for ten years entitled "Investment Styles and Strategies" to MBA students. He is also a former board member of Duke University's Endowment (DUMAC) from 1994 to 1999, as well as a director of the U.C. Berkeley Endowment. In 2002, Mr. Stephens was named a Berkeley Fellow. Mr. Stephens holds both BS (1967) and MBA degrees (1969) in Finance from the Haas School of Business."Paul Stephens is a leader in the North American asset management industry and we are extremely pleased to have him nominated to join our Board," said Eric Sprott, Chairman of the Sprott Board of Directors. "We have recently expanded our operations in the U.S. and look forward to Paul's counsel and guidance as we seek to grow our presence in the U.S and globally."About Sprott Inc.Sprott Inc. is a leading independent asset manager dedicated to achieving superior returns for its clients over the long term. The Company currently operates through four business units: Sprott Asset Management LP, Sprott Private Wealth LP, Sprott Consulting LP, and Sprott U.S. Holdings Inc. Sprott Asset Management is the investment manager of the Sprott family of mutual funds and hedge funds and discretionary managed accounts; Sprott Private Wealth provides wealth management services to high net worth individuals; and Sprott Consulting provides management, administrative and consulting services to other companies, including Sprott Resource Corp. (TSX: SCP), Sprott Resource Lending Corp. (TSX: SIL) (NYSE AMEX: SILU) and Sprott Power Corp. (TSX: SPZ). Sprott U.S. Holdings Inc. includes Global Resource Investments Ltd, Sprott Asset Management USA Inc., and Resource Capital Investments Corporation. Sprott Inc. is headquartered in Toronto, Canada, and is listed on the Toronto Stock Exchange under the symbol "SII". For more information on Sprott Inc., please visit www.sprottinc.com.For further information: Investor contact information: (416) 203-2310 or 1 (877) 403-2310 or firstname.lastname@example.org.